But just how much credit can Trump take? Here’s what has actually been happening…

Bull in a china shop

The bull market in US stocks is, in fact, 103 months old – and Trump can claim credit, in part, for 11 of those months. The run started in March 2009, under Barack Obama, and at the lowest point of the worldwide financial crisis.

Since then, stocks have been climbing steadily, reaching a new high, on average, once every seven days or so since March 2013.

Trump is correct in stating the Dow has never been higher – and it has hit 65 records since his election win in November of last year.

The stock market has been rising for more than 100 months

So what’s behind the historic highs?

Most of the positive indicators – more jobs, lower unemployment, more investment – were inherited from the Obama regime.

What is true is that the markets have responded even more positively to Trump’s much heralded plans for tax reform, both for business and for ordinary working Americans.

His promised aggressive action to cut red tape that has been supposedly hampering business has also cheered investors, as has his pledge to boost infrastructure spending.

More people getting back into work has also been talked up: unemployment stood at 10% in 2009 and was down to 4.8% when Obama left office. It now stands at 4.1% .

So, while Trump can rightly say he has overseen falling employment, it’s a marginal gain.

The number of people out of work in the US has been falling since the world financial crisis almost 10 years ago

Are Americans better off under Trump?

The US inflation rate stands at 2.2% for the 12 months to the end of September, which is down slightly on the 2.5% figure when Obama left the White House in January.

However, at the same point last year, it was 1.5%, and throughout 2015, it barely made positive territory.

Just as importantly, wage growth under Trump has been steady but not spectacular. Average hourly earnings rose three cents or 0.1% in August after advancing 0.3% in July, keeping the year-on-year gain in wages at 2.5% for a fifth consecutive month.

That’s actually lower than the 2.9% growth when he took office.

Wage growth has been steady, at best, under Trump

Can Trump really claim to be “making America great again”?

In terms of GDP, that increased at an annual rate of 3.1% in the second quarter of 2017, according to revised figures from the Commerce Department.

It was the fastest rate since the first quarter of 2015, so Trump could be vindicated in claiming his policies are working.